Auckland City Apartments could be prudent 2019 investment
Apartment living in New Zealand is still in the early stages and in that lies the opportunity for prudent investors with an eye to the future.
You only have to hop online or scan the local papers to see there are some great Auckland city apartments waiting to be snapped up! I'm not talking about the cheaper end of the market (under $300,000). I'm sure there are some great buys in that price range for seasoned landlords. No, I'm talking more about contemporary style apartments which you would be happy to live in and can be purchased for just under or over the $600,000 mark!
Good apartment investments in key locations in NZ
Recently a freehold waterfront apartment which had 2 bedrooms and 2 bathrooms sold for under $800,000! A great buy for someone!
Will 2019 be a good year for you?
If I was off on my big O.E. I'd put small deposit down on a studio apartment (even go in with Mum and Dad). If I was approaching retirement age I'd be seriously looking at apartments in prime locations. If I was starting out on the investment ladder (hungry, keen and not afraid of hard work) I'd be getting my name on as many agreements as I could.
It brings me to the old saying "No one ever regretted buying quality" and "It's aways a good time to buy if the property is at the right price, in the right location and suits your purpose". Maybe 2019 could be the year when you could achieve it all!
Kerrie Callaghan Co-Director of Apartments.co.nz